US STOCKS-Feeble finish to a tempestuous quarter on Wall Street

jueves 31 de marzo de 2016 16:40 GYT
 

* Jobless claims rose unexpectedly last week

* S&P 500 up 0.8 pct for year; Dow up 1.5 pct YTD

* Best Buy rallies after Barclays recommends buying

* Indexes end: Dow -0.18 pct, S&P -0.20 pct, Nasdaq +0.01 pct (Updates to close)

By Noel Randewich

March 31 (Reuters) - Wall Street ended the first quarter with a whimper on Thursday after a seven-week rally that rescued the S&P 500 from its worst start to a year since 2009.

Angst about a troubled global economy drove a steep selloff in stocks in January, before a rebound in oil prices cleared the way for the S&P's 13-percent recovery since mid-February that has left the index up 0.8 percent for 2016.

But Thursday's trading was languid, with S&P and the Dow Jones industrial average dipping after three days of gains, even as some fund managers snapped up stocks at the end of March and the quarter.

Data on Thursday showed U.S. jobless claims rose unexpectedly last week but remained well below the 300,000 mark, denoting a healthy labor market.   Continuación...